SDCL § 12-27-29: Political committee treasurer--Records to be kept--Period--Penalty.

The treasurer of a political committee shall maintain and preserve detailed and accurate records of the following:

(1) Each contribution received by the political committee. Any contribution of one hundred dollars or less must be noted on the political committee's books and a running total of each contributor must be maintained;

(2) Each donated good or service contribution received by the political committee. Upon request of the treasurer, any person making a donated good or service contribution must provide all necessary information to the treasurer, including the value of the contribution;

(3) In the case of a ballot question committee, the information required by § 12-27-19 for any entity contribution;

(4) Each loan received or made by the political committee;

(5) The outstanding balance of each loan received by the political committee;

(6) Each refund, rebate, interest, or other income received by the political committee;

(7) All receipts, invoices, bills, canceled checks, or other proofs of payment, with an explanation of each, for each expenditure; and

(8) The name and address of any financial institution where an account or depository for the political committee is maintained including the account number.

The treasurer shall maintain and preserve the records for a period of seven years or three years past the date of filing the termination statement for the election for which the contribution or expenditure was made, whichever is earlier. A violation of this section is a Class 2 misdemeanor. Any subsequent offense within a calendar year is a Class 1 misdemeanor.